BofA Merrill Lynch 2014 outlook briefing: Sees 15% chance of tapering in Dec, 30% chance in tapering in Q1
UBS Wealth Management CIO on Japan: 3rd arrow is not succeeding and they may go back to the first arrow. Exited long eq but still short yen
LONDON, Dec 6 (Reuters) – Crowded junk corporate bond
markets may be most vulnerable to what could be the main
outlying risk of 2014: a Federal Reserve that is slow to
withdraw monetary stimulus and forced to play catch-up.
Juicy yields and low default rates have lured return-hungry
investors to the risky high-yield market, which has seen inflows
of $20 billion globally this year.
BofA gives Bitcoin a thumbs-up? “Bitcoin can become a major means of payment for e-commerce… Bitcoin has clear potential for growth”
LONDON, Dec 3 (Reuters) – Egypt has postponed any decision
on taking a $4.8 billion loan from the IMF as financial aid from
Gulf states has given Cairo some breathing space as it starts to
conduct economic reforms, Deputy Prime Minister Ziad Bahaa
El-Din said on Tuesday.
Bahaa El-Din said Egypt has so far received around $8
billion of a $12 billion aid package from Saudi Arabia, Kuwait
and the United Arab Emirates promised in July, days after the
army toppled Islamist President Mohamed Mursi.